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First New Mexico Bank

Deming, NM · Cert 18514 · First NM Financial Corp.

State charter, non-member · FDIC · 2 affiliate banks · 3 branches (9 in holding)

Q2 2026

$275.1MAssets
$123.7MLoans
$230.9MDeposits
$40.3MEquity
Loan mix
84%RE $98.7M14%C&I $16.7M2%Consumer $2.6MQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $153.6M33%Noninterest $77.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.67%, up 30 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.16% of loans (-66 bps YoY), with net charge-offs at 0.42%.
  • Capital: tier 1 leverage ratio of 14.73%, up 38 bps from a year ago.
  • Funding: loans stand at 53.60% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.67%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+11 bps YoY

Efficiency Ratio (YTD, annualized)

47.31%-303 bps YoY

Tier 1 Leverage Ratio

14.73%+38 bps YoY

NIM

4.52%Q2 ’244.80%Q2 ’254.82%Q2 ’26+9%+3%

Non-interest income vs. expense

2.02%Q2 ’242.03%Q2 ’251.99%Q2 ’26+2%-6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.46%1.32%1.37%1.45%1.55%1.71%1.67%+30 bps
Return on Equity10.93%11.09%9.73%9.93%10.32%11.01%11.93%11.57%+164 bps
Net Interest Margin3.46%3.47%3.71%3.69%3.70%3.67%3.70%3.80%+11 bps
Efficiency Ratio51.53%52.54%52.60%50.34%46.94%44.24%48.39%47.31%-303 bps
Non-Interest Burden1.60%1.65%1.80%1.69%1.56%1.44%1.60%1.58%-11 bps
Growth
Asset Growth (YoY)2.55%-0.34%2.17%-2.00%0.52%3.82%2.68%6.47%+846 bps
Loan Growth (YoY)13.58%13.08%14.25%13.05%-3.24%-1.14%-0.90%-1.55%-1,460 bps
Deposit Growth (YoY)2.22%-1.07%1.57%-3.65%-0.63%3.11%2.16%6.85%+1,050 bps
Asset Quality
Nonperforming Loans / Loans3.77%3.76%2.30%0.82%0.76%1.02%1.30%0.16%-66 bps
Net Charge-Offs / Loans0.06%0.08%0.14%0.26%0.30%0.39%0.03%0.42%+15 bps
Allowance / Loans2.16%2.14%2.08%2.13%2.35%2.21%2.18%2.19%+7 bps
Allowance Coverage of NPLs0.6x0.6x0.9x2.6x3.1x2.2x1.7x14.1x+11.5x
Capital
Tier 1 Leverage Ratio13.62%13.55%13.80%14.35%14.73%14.53%14.51%14.73%+38 bps
Total Risk-Based Capital13.62%13.55%13.80%14.35%14.73%14.53%14.51%14.73%+38 bps
Equity / Assets13.38%13.38%13.66%14.49%14.58%14.17%14.47%14.63%+14 bps
Liquidity & Funding
Loans / Deposits56.68%55.76%56.19%58.17%55.19%53.46%54.50%53.60%-457 bps
Liquid Assets / Assets37.78%38.12%37.35%39.49%40.08%40.06%39.97%40.48%+99 bps
CRE / Total Capitaln/an/an/an/a182.94%180.33%176.71%n/an/a